BlueOx Credit Union’s Member Rewards program rewards you for actively using BlueOx for your financial services, since it is your patronage that allows us to thrive.The Member Rewards program provides many free or discounted services based on your level of participation with BlueOx. It’s easy; the more products and services you take advantage of, the more you receive!

Member Rewards structured with four different levels, platinum, gold, silver and bronze, which have point ranges assigned to each.

Free automatic transfer of funds from regular savings to checking to cover overdraft

♦

Free overdraft privilege (ODP) upon member request per incident, max 2/calendar year. New accounts must be open a minimum of 30 days before ODP is available. Limits could vary month-to-month depending on member's level.

Limit $1,500

Limit $1,250

Limit $1,000

Limit $750

Free ATM transactions on foreign-owned machines.Surcharges imposed by other financial institutions may apply.

To calculate total point value, five different categories of relationships are examined monthly:

Primary Financial Institution Relationships

Savings Relationships

Loan Relationships

Self-service Relationships

Member-elected Deposit Relationships

We have assigned points values for specific items or actions within each category that are particularly beneficial to the membership, and contribute to the prosperity of BlueOx.These include items such as membership longevity, balances, specific types of savings or loan products, and certain self-service or member-elected activities.

The Member Rewards program allows us to identify those who help us to flourish, and to show our gratitude in the way of extra perks.

Relationship Category

Item/Action

Points

Primary Financial Institution Relationship

Kasasa or regular checking account

50

Every year of BlueOx membership after 15 years (point/each year beyond)

1

Savings Relationship

Additional savings products present (beyond regular share savings)

10

Non-IRA CD products present

10

IRA share and CD products present

20

Money market accounts present

10

Any savings product w/ a negative balance

-200

Aggregate balance from $1,000 - 2,499

15

Aggregate balance from $2,500 - $9,999

25

Aggregate balance from $10,000 - $49,999

35

Aggregate balance $50,000+

45

Loan Relationship

Mortgage loan

25

Home equity loan

25

All other consumer loans, excluding Visa (points/each loan)

10

Any loan delinquent 2 or more months

-200

Aggregate balance from $1,000 - 24,999

30

Aggregate balance from $25,000 - $49,999

40

Aggregate balance $50,000 - $74,999

50

Aggregate balance from $75,000

60

Self-service Relationship

# of debit card transactions up to 15 per month

10

# of debit card transactions from 16 - 25 per month

25

# of debit card transactions from 26 - 35 per month

50

# of debit card transactions 36+ per month

75

Dollar amount of debit card transactions per month up to $1,000

10

Dollar amount of debit card transactions per month $1,001 - $1,500

25

Dollar amount of debit card transactions per month $1,501 - $3,000

50

Dollar amount of debit card transactions per month $3,001+

75

Audio respons active & using

5

Online banking active & using

10

e-Statements - enrolled

50

Bill payment/presentment - enrolled

50

Valid e-mail address

25

E-Notices subscription

10

E-Alerts subscription

10

Mobile text banking - enrolled

25

Mobile web banking - active & using

10

Wrong address

-200

Member-elected Deposit Relationship

Payroll w/ deposits of at least $1,000 per month

50

ACH w/ deposits of at least $1,000 per month

50

Loan payments only via automatic funds transfer active

15

Loan payment via ACH

25

Frequently Asked Questions

Q: How do I know my level?

A: Your level will be displayed on your account statement and also when you sign into our online branch, It’s Me 247. Our staff can also share this with you.

Q: When are levels evaluated and updated?

A: Your member level for the current month is based on the point calculation that occurs on the last day of the prior month. This regenerates every month.

Q: Do my points accumulate?

A: No, points don’t accumulate. Each month is a fresh snapshot.

Q: Will my fee waivers be implemented automatically?

A: Most will, however, a couple, such as the waiver of the overdraft privilege fee and the late loan payment fee waiver rely upon member request. When those circumstances occur, just let us know you wish to request a waiver.

Q: If my loan pays off in the current month, do I get my interest rebate on the first day of the next month?

A: Yes. The rebate will be calculated and paid based on the daily rate, multiplied by the balance and the number of days before pay off.

Example: Your loan is active until the 10th day of the month when you pay it in full.

The calculation that will determine your rebate amount to post to your regular share savings account on the first day of the next month as a Platinum level member is:

Rate Benefit = .250 Loan Balance is $10,000.00

.250/100 = .0025 .0025/365 = .000006849

.000006849 * 10,000.00 = .068 rounded to .07 daily

You had your loan for 10 days into the month, so 10 X .07 = $.70 rebate

Q: Specifically, what items or actions will help me earn points?

A: The above table will explain actions that will increase (or decrease) points.

NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act